ALEC Holdings PJSC (DFM:ALEC)

ALEC Holdings PJSC Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	12,604	8,101	6,275	3,599
Revenue Growth (YoY)	55.58%	29.10%	74.36%	-
Cost of Revenue	11,281	7,265	5,642	3,208
Gross Profit	1,323	836.19	632.99	390.5
Selling, General & Admin	481.01	353.27	305.54	187.29
Operating Expenses	481.01	353.27	305.54	187.29
Operating Income	841.98	482.93	327.46	203.21
Interest Expense	-76.04	-76.99	-81.71	-15
Interest & Investment Income	21.91	16.14	10.43	2.05
Earnings From Equity Investments	-1.82	-0.03	-0.18	-2.54
Other Non Operating Income (Expenses)	24.96	-14.77	-	-
EBT Excluding Unusual Items	810.99	407.29	256	187.73
Gain (Loss) on Sale of Investments	-20.76	-20.87	-12.58	1.24
Pretax Income	790.23	386.42	243.42	188.97
Income Tax Expense	103.14	23.51	5.09	3.23
Earnings From Continuing Operations	687.09	362.91	238.32	185.74
Minority Interest in Earnings	-0.89	-0.49	-2.08	-1.2
Net Income	686.2	362.42	236.25	184.54
Net Income to Common	686.2	362.42	236.25	184.54
Net Income Growth	89.34%	53.41%	28.02%	-
Shares Outstanding (Basic)	5,000	5,000	5,000	5,000
Shares Outstanding (Diluted)	5,000	5,000	5,000	5,000
EPS (Basic)	0.14	0.07	0.05	0.04
EPS (Diluted)	0.14	0.07	0.05	0.04
EPS Growth	89.34%	53.41%	28.02%	-
Free Cash Flow	971.88	730.34	4.39	233.4
Free Cash Flow Per Share	0.19	0.15	0.00	0.05
Dividend Per Share	-	0.053	48507.000	5.600
Dividend Growth	-	-100.00%	866096.43%	-
Gross Margin	10.50%	10.32%	10.09%	10.85%
Operating Margin	6.68%	5.96%	5.22%	5.65%
Profit Margin	5.44%	4.47%	3.77%	5.13%
Free Cash Flow Margin	7.71%	9.01%	0.07%	6.49%
EBITDA	1,058	615.48	422.28	247.53
EBITDA Margin	8.39%	7.60%	6.73%	6.88%
D&A For EBITDA	215.81	132.55	94.83	44.32
EBIT	841.98	482.93	327.46	203.21
EBIT Margin	6.68%	5.96%	5.22%	5.65%
Effective Tax Rate	13.05%	6.08%	2.09%	1.71%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.